Chapter
The Importance of Examining Decision-Making Processes
44:48 - 50:04 (05:16)
Decision-making processes in both business and personal aspects can greatly benefit from examining the incentives, communication, and information presented to those involved in the decision. It is important to analyze and potentially alter the decision-making process to ensure that good outcomes are a result of good decision-making, not just luck.
Clips
Many teams and businesses fail to look at their decision-making process and incentives when analyzing outcomes.
44:48 - 47:19 (02:31)
Summary
Many teams and businesses fail to look at their decision-making process and incentives when analyzing outcomes. By taking a system-based approach, teams can identify flaws in their decision-making process and make better decisions for a variety of products.
ChapterThe Importance of Examining Decision-Making Processes
Episode#364: Safi Bahcall — On Thinking Big, Curing Cancer, and Transforming Industries
PodcastThe Tim Ferriss Show
Confusing luck with good decision making can have negative impacts on both personal and business aspects of life, as it cements bad habits and overlooks flaws in the decision-making process.
47:19 - 50:04 (02:45)
Summary
Confusing luck with good decision making can have negative impacts on both personal and business aspects of life, as it cements bad habits and overlooks flaws in the decision-making process. It is important to analyze both successes and failures to make informed decisions.